LD 198 LR 717(02)
An Act To Improve Maine's Tax Laws by Providing a Property Tax Exemption for Central Labor Councils
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $0 $0 $1,300 $1,350
General Fund $0 $0 $1,300 $1,350
Fiscal Detail and Notes
This bill provides a property tax exemption for real estate and personal property owned by central labor councils. The Department of Administrative and Financial Services will require a General Fund appropriation of $1,300 in fiscal year 2023-24 and $1,350 in fiscal year 2024-25 to reimburse municipalities 50% of the amount of the property tax reduction.